Who is NETS EU?
Network for Electronic Transfers or more commonly known as NETS; is a Singaporean electronic payment service provider founded in 1985 by a consortium of local banks to establish the debit network and drive the adoption of electronic payments in Singapore.
Is debit card same as NETS?
NETS has password while debit card doesn't — if you're holding a debit card/credit card, it doesn't make any safer using NETS because if it's stolen people wouldn't use NETS.
Why did mastercard buy NETS?
“This acquisition brings top talent and innovative technology, enhancing our existing multi-rail propositions to enable greater access, choice and flexibility in how people want to pay and get paid.”
How does NETS payment work?
NETSPay is a mobile application which allows you to register your POSB/DBS ATM Card digitally. Once you've digitised your cards, leave your wallet at home and start paying with your mobile phone. Simply tap on a contactless terminal or scan a QR code, it's simply the smarter way to pay.